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Showing 461 - 470 of 7360 results for "System"

Fees for no service see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
A former financial adviser is now banned for 10 years after she was found to have knowingly charged fees for no service. Kiriley Roper was a director, shareholder and adviser at Lighthouse Partners in Redcliffe, Queensland. ASIC alleges that between ...

RBA powers deemed 'last resort' for critical financial infrastructure fallout

MATTHEW WAI  |  TUESDAY, 1 JUL 2025
... Under new the legislation, ASIC is primarily responsible for the licensing regime, while the RBA will oversee the financial system stability and supervise CS facilities licensees to reduce systemic risks. "The RBA now has powers to step in and promptly ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
ASIC has provided AFSLs new reliefs to help them manage the reportable situations regime, which includes extending the length of investigations reportable from 30 days to 60 days. Also in the relief, ASIC is exempting the reporting of certain breaches ...

ClearView welcomes underwriting head

MATTHEW WAI  |  MONDAY, 30 JUN 2025
... million for some, will benefit from reduced or no mandatory medical requirements. There's also a new structured tiering system for Life, TPD, Trauma, Income Protection, and Business Expenses cover based on age and benefit amount, which ClearView ...

Super funds, banks say cybersecurity is now their biggest concern

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
... was rated particularly high among superannuation trustees. Financial risks such as credit risk and market risk, financial system stability, and climate risk, received a critical and high-risk rating of 32%, 27%, and 21%, respectively. Additionally, 13% ...

Pension leaders urge US 401(k) plans to embrace private markets

ANDREW MCKEAN  |  THURSDAY, 26 JUN 2025
... fiscal pressures, and demographic headwinds reshape the landscape. The conference noted that the Australian superannuation system allocated 15-20% to private markets, with real estate a core holding. It noted funds are investing in data centres, urban ...

Super a 'taxpayer subsidised inheritance scheme': Grattan

ELIZA BAVIN  |  TUESDAY, 24 JUN 2025
... director Brendan Coates has slammed the government's superannuation tax concessions, reinforcing his view that the super system is no longer being used to fund retirements. "The concessions available through superannuation, they are very generous. [If ...

Middle Australia on track for 'comfortable retirement': ASFA

ANDREW MCKEAN  |  TUESDAY, 17 JUN 2025
... for ordinary Australians, with today's 30-year-olds reaping the rewards of decades of progress in our world-class super system," Delahunty said. "... we can now say that the system foundations are cemented for young, working people to have a comfortable ...

RQI Investors launches new strategy with UniSuper backing

MATTHEW WAI  |  TUESDAY, 17 JUN 2025
UniSuper has seeded a new fund from RQI Investors, First Sentier Investors' quantitative manager. The RQI Australian Diversified Alpha Long Short Fund has been introduced for institutional and select wholesale investors, receiving a $500 million seed ...

ASIC launches fresh inquiry into ASX

KARREN VERGARA  |  MONDAY, 16 JUN 2025
ASIC has launched another inquiry into the ASX, this time focusing on its overall governance, capability, risk management frameworks and practices. The inquiry will be led by a panel that will make recommendations to address any identified shortcomings ...